XML 39 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
Nature of Operations and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Revenue Disaggregated by Revenue Type
The following table presents our revenue disaggregated by revenue type:
(in millions)
Ratings
 
Market Intelligence
 
Platts
 
Indices
 
Corporate
 
Intersegment Elimination 1
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
Subscription
$
—

 
$
451

 
$
188

 
$
41

 
$
5

 
$
—

 
$
685

Non-transaction
372

 
—

 
—

 
—

 
—

 
(32
)
 
340

Non-subscription / Transaction
328

 
8

 
2

 
—

 
—

 
—

 
338

Asset-linked fees
—

 
5

 
—

 
131

 
—

 
—

 
136

Sales usage-based royalties
—

 
—

 
14

 
33

 
—

 
—

 
47

Total revenue
$
700

 
$
464

 
$
204

 
$
205

 
$
5

 
$
(32
)
 
$
1,546

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition


 


 


 


 
 
 


 


Services transferred at a point in time
$
328

 
$
8

 
$
2

 
$
—

 
$
—

 
$
—

 
$
338

Services transferred over time
372

 
456

 
202

 
205

 
5

 
(32
)
 
1,208

Total revenue
$
700

 
$
464

 
$
204

 
$
205

 
$
5

 
$
(32
)
 
$
1,546

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
Subscription
$
—

 
$
1,306

 
$
556

 
$
109

 
$
10

 
$
—

 
$
1,981

Non-transaction
1,129

 
—

 
—

 
—

 
—

 
(92
)
 
1,037

Non-subscription / Transaction
1,094

 
28

 
8

 
—

 
—

 
—

 
1,130

Asset-linked fees
—

 
15

 
—

 
396

 
—

 
—

 
411

Sales usage-based royalties
—

 
—

 
40

 
122

 
—

 
—

 
162

Total revenue
$
2,223

 
$
1,349

 
$
604

 
$
627

 
$
10

 
$
(92
)
 
$
4,721

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
 
 
 
 
Services transferred at a point in time
$
1,094

 
$
28

 
$
8

 
$
—

 
$
—

 
$
—

 
$
1,130

Services transferred over time
1,129

 
1,321

 
596

 
627

 
10

 
(92
)
 
3,591

Total revenue
$
2,223

 
$
1,349

 
$
604

 
$
627

 
$
10

 
$
(92
)
 
$
4,721

(in millions)
Ratings
 
Market Intelligence
 
Platts
 
Indices
 
Corporate
 
Intersegment Elimination 1
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2017 2
Subscription
$
—

 
$
406

 
$
177

 
$
36

 
$
—

 
$
—

 
$
619

Non-transaction
367

 
—

 
—

 
—

 
—

 
(28
)
 
339

Non-subscription / Transaction
372

 
10

 
2

 
—

 
—

 
—

 
384

Asset-linked fees
—

 
6

 
—

 
118

 
—

 
—

 
124

Sales usage-based royalties
—

 
—

 
14

 
33

 
—

 
—

 
47

Total revenue
$
739

 
$
422

 
$
193

 
$
187

 
$
—

 
$
(28
)
 
$
1,513

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
 
 
 
 
Services transferred at a point in time
$
372

 
$
10

 
$
2

 
$
—

 
$
—

 
$
—

 
$
384

Services transferred over time
367

 
412

 
191

 
187

 
—

 
(28
)
 
1,129

Total revenue
$
739

 
$
422

 
$
193

 
$
187

 
$
—

 
$
(28
)
 
$
1,513

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017 2
Subscription
$
—

 
$
1,189

 
$
523

 
$
104

 
$
—

 
$
—

 
$
1,816

Non-transaction
1,061

 
—

 
—

 
—

 
—

 
(81
)
 
980

Non-subscription / Transaction
1,138

 
32

 
9

 
—

 
—

 
—

 
1,179

Asset-linked fees
—

 
17

 
—

 
340

 
—

 
—

 
357

Sales usage-based royalties
—

 
—

 
45

 
98

 
—

 
—

 
143

Total revenue
$
2,199

 
$
1,238

 
$
577

 
$
542

 
$
—

 
$
(81
)
 
$
4,475

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
 
 
 
 
Services transferred at a point in time
$
1,138

 
$
32

 
$
9

 
$
—

 
$
—

 
$
—

 
$
1,179

Services transferred over time
1,061

 
1,206

 
568

 
542

 
—

 
(81
)
 
3,296

Total revenue
$
2,199

 
$
1,238

 
$
577

 
$
542

 
$
—

 
$
(81
)
 
$
4,475

1 
Intersegment eliminations mainly consists of a royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings.
2 
As noted above, amounts for the three and nine months ended September 30, 2017 were not adjusted under the modified retrospective transition method applied to our revenue contracts with customers as of January 1, 2018.

Schedule of Components of Other (Income) Expense, Net [Table Text Block]
The components of other income, net for the three and nine months ended September 30 are as follows: 
(in millions)
Three Months
 
Nine Months
 
2018
 
2017
 
2018
 
2017
Other components of net periodic benefit cost
$
(8
)
 
$
(9
)
 
$
(24
)
 
$
(26
)
Net loss from investments 1
2

 
—

 
2

 
—

Other income, net
$
(6
)
 
$
(9
)
 
$
(22
)
 
$
(26
)
1 
Primarily relates to the change in fair value of CRISIL's investment in Care Ratings Limited ("CARE"). The investment balance of CARE as of September 30, 2018 and December 31, 2017 is $43 million and $54 million, respectively, and is included in non-current assets in our consolidated balance sheets.